800 Shore RdWarwick, RI 02889

Property Details for 800 Shore Rd

Year built

1930

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.12 AC

Property size (Sq ft)

3,608 SF

Zone code

GB

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

WARW M:317 B:0348 L:0000

APU

WARWM317B0348L0000

Description

This exceptional commercial property at 800 West Shore Road, Warwick, RI 02889, presents a fantastic investment opportunity. Situated on a 5,345 square foot corner lot in the desirable Conimicut neighborhood, this mixed-use property offers convenient highway access and significant potential for diverse business ventures. The property includes two buildings, with one featuring a 1,800 square foot commercial storefront ideal for a restaurant, bar, or warehouse operation. Built in 1915, the buildings have undergone substantial recent upgrades, including modern heating and cooling systems, upgraded electrical panels, a new roof, new water heaters, durable industrial flooring, updated windows, and a new fire alarm system. Ample storage space is available in the full basements. The asking price for this single-unit property is $2,500. This location offers excellent visibility and accessibility, making it an attractive proposition for a variety of businesses seeking a well-maintained and updated space in a thriving Rhode Island community. The property's versatile nature and recent renovations make it a truly compelling investment opportunity. Don't miss this chance to secure a prime commercial space in a sought-after location.

• CAP approach

  CAP return

  Valuation

  6%

  $596,510

  6.5%

  $550,625

  7%

  $511,294

• Comparable approach

  Method

  Valuation

  Relative Method

  $471,421

  Geo Method

  $471,421

• Alternative Use

  Use

  Valuation

  Residential

  $682,775

  Hospitality

  $625,418

  Educational

  $520,340

  Medical

  $538,236

  Retail

  $809,418

Location Insight

City

Warwick

County

Kent

State

Rhode Island

Latitude

41.7233

Longitude

-71.3811

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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